Rhona Cherrita

How Long Is The Tax Extension 2025. For a small company (with a turnover of less than 1 crore), it usually takes about one week. The original due date of october 31, 2024, is now extended to november 15, 2024.

Highlights include revised tax slabs, increased deductions, and simplified taxation. In may 2024, the congressional budget office estimated that the expiration of the tcja’s individual tax provision would raise government revenues by $4.6 trillion from fy2025.